Nifty cracks below gann angle,EOD Analysis

FII’s bought 18.2 K contract of Index Future worth 1170 cores ,33.7 K Long contract were added by FII’s and 15.5 K short contracts were added by FII’s. Net Open Interest increased by 49.2 K contract, so fall in market was used by FII’s to enter long and enter shorts in Index futures. The Success Story Of Arnold Schwarzenegger

As discussed in last analysis Holding the range of 8039/8060 we can see sharp pullback towards 8210/8360. Fresh shorts should be done only below 7972 for a move towards 7900/7800. Nifty broke the range as soon as went below 7972 bears became active and pushed nifty towards 7900, 7899 is very important level which needs to be watched in coming 2 days, Closing above it we can see relief rally till 8155 levels. Close below 7900 can see fresh selling towards 7820/7750. Bank Nifty close below 19000, EOD Analysis

Nifty Nov Future Open Interest Volume is at 1.66 core with liquidation of 8 Lakh with increase in cost of carry suggesting short position were closed today, NF Rollover cost @8705 made high at 8704 on 01 Nov and correction of 700 points.